In a Wednesday report, analyst Jarick Seet notes that the effects of the cancellation of Asian concerts are likely to be mitigated by the management’s strategy of shifting its focus to Western markets such as the US for the rest of FY2020.
SINGAPORE (Feb 12): Year-to-date, the share price of UnUsUaL has plunged some 32% as the group was forced to postpone large-scale events such as the JJ Lin concerts in Australia and Hong Kong. Other events in Asia are also likely to be affected in tandem with the escalating coronavirus.
Yet, instead of flagging the group’s low share price as a point of caution for investors, RHB Group Research cites this to be an “opportunity for investors” to accumulate shares “at a more attractive price” for the longer-term holding.
